News

Trump’s Tariffs Are Crushing VW’s Bottom Line Harder Than GM’s
Volkswagen has reported their second quarter results and they reveal the company is being hammered by Trump’s tariffs.
German carmakers set for €10bn cash flow hit as Trump tariffs bite
Analysts expect carmakers’ cash flows generated from their automotive business to be squeezed. They are likely to fall from ...
GM: Tariffs Cost Automaker $1.1 Billion Last Quarter
The American auto manufacturer’s net income fell by 35%, the company said in its second quarter earnings call.
GM warns of more tariff impacts as earnings slip
GM said earnings in the second quarter reflect a more than $1 billion hit from President Donald Trump's tariffs.
GM profit hurt by over $1B in tariffs — and shares tumble as impact expected to worsen
GM CEO Mary Barra hasn’t ruled out raising car prices, however, and has said the company will stay competitive.
Tariffs hit U.S. companies hard, but businesses absorb them for now
General Motors said tariffs slashed its second-quarter income by more than $1 billion, and other companies pointed to import ...
US automakers say Trump's 15% tariff deal with Japan puts them at a disadvantage
U.S. automakers worry that President Donald Trump’s agreement to tariff Japanese vehicles at 15% would put them at a ...
GM reports massive profit loss due to Trump's destructive tariff war
The president's trade policies are wreaking havoc on the American auto industry. Another automaker, Stellantis, also reported losses this week.